977 replies to this topic

[dougie]

So, Who's betting 1500 holds it this time?

I like the chances it will as I think recent rally from 1482 to 1535 was 5 up. I think SILJ had 5 up as well and nicely filled its gap today, however pretty much no excuses time here as far as whether my count is right or instead we head below 1482 in a C wave, we see
 
Senor

today give you the answer?

 
 
YUP,...
 
Watching my Target from my 1540 short.   1492...  At that point a 1505 stop go's in.
 
Final target still 1460

got your trgets and stops

[opinionated]

Loose stop, Mental I guess...   1512

 

But will put a trailing stop in once we trade under 1495

[gannman]

once gld trades above 145 we will fly imo 

 

a great money making opportunity fwiw

[gannman]

my take we need one more spike low but whatever i a 

 

great opportunity is here and the broad market is in trouble

 

being propped up by the ppt that will fail also as we go into an all 

 

out panic mode.  my take fwiw

[dharma]

gannman i think that at some point in the not too distant future  stocks down will propel gold higher

https://pbs.twimg.co...=png&name=small  just saying

the commercials raised their short stakes!

i dont think this correction is over we are somewhere in 3of C in gold

dharma

[gannman]

we are close i dont know exactly where but the upside when it iii of 3 starts is huge

[Russ]

Not sure if all you super bulls saw this which I put up on the old string.... Armstrong:  "I have warned that the immediate rally in the precious metals was NOT a breakout. I warned that there would still be one more decline to retest support. The critical factor is when the GENERAL public loses confidence in the government. That is more likely to take place AFTER the turn in the business cycle in January 2020."  https://www.armstron...ncy-reset-gold/ 

 

My work is more inline with Armstrong's , this correction is going to last into mid November from what I see, gold futures could close their gap way down to 1348.... 

[dougie]

thanks Russ.

[Russ]

thanks Russ.

your welcome Dougie, if it happens I guess it will blow a few e-wave rules.

[Russ]

Captain E wave

http://www.321gold.c...wave092519.html

dharma

Captain E wave was dead wrong this time, he did not see there was a H&S formation and it dropped like a rock the next day,  1700 is out of the picture now.